I am working to get plans for 2 short-term rental units on the property and build them out.

I own two properties in Northern Virginia.

Also, I'll most likely be using the same firm to buy a replacement property out of state.

When I acquired the property, both tenants were paying below-market rents.

I don't reward thieves by handing them more money, but that may be the right answer for you since you aren't sure how to move forward.In the future, you should consider hiring a professional property manager.

Right now, there isn’t much opportunity for rental income with my current property.

Investing in Columbus, Cleveland, Akron, and Cincinnati in properties 3+ bed, 1000+ sq ft, cosmetic rehabs for long term rentals.

Looking at a few chalet style properties in that area and interested in insight from others.

FHA allows for a lower down payment but they are not for investment properties. 

The note holder does not own the property, only the debt on the property.